Royal Bank of Canada decreased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,734,686 shares of the financial services provider’s stock after selling 21,440 shares during the period. Royal Bank of Canada owned about 2.10% of Hercules Capital worth $22,968,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of HTGC. Global X Management Co. LLC raised its position in Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,067 shares during the period. United Capital Financial Advisers LLC bought a new position in Hercules Capital in the first quarter worth approximately $157,000. Eagle Global Advisors LLC bought a new position in Hercules Capital in the second quarter worth approximately $154,000. Financial Counselors Inc. bought a new position in Hercules Capital in the second quarter worth approximately $154,000. Finally, HighTower Advisors LLC raised its position in Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 72 shares during the period. Institutional investors own 42.55% of the company’s stock.
Shares of Hercules Capital, Inc. (NYSE:HTGC) opened at 12.74 on Wednesday. Hercules Capital, Inc. has a 52 week low of $11.64 and a 52 week high of $15.68. The stock has a market capitalization of $1.05 billion, a PE ratio of 14.11 and a beta of 0.85. The stock has a 50 day moving average of $12.47 and a 200-day moving average of $13.39.
Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same period in the previous year, the business posted $0.32 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Hercules Capital, Inc. will post $1.17 EPS for the current year.
Several research analysts have weighed in on the stock. ValuEngine upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. JMP Securities reiterated a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, FBR & Co assumed coverage on shares of Hercules Capital in a research report on Monday, October 2nd. They issued a “buy” rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.50.
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About Hercules Capital
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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